Atlanta Federal Reserve Bank President Dennis Lockhart lamented the "disappointing" nature of the U.S. recovery Tuesday but gave no hint he is prepared to pump more money into the economy as yet.

Lockhart, a voting member of the Fed's policymaking Federal Open Market Committee, warned that it could be risky for the Fed to try to stimulate the economy "too aggressively" amid "fundamental imbalances" and a need for fiscal policy reform.

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